Citi was named Investment Bank of the Year in Asia for 2021 by the Financial Times owned The Banker Magazine. Decided by an advisory panel including The Banker’s Investment Banking editor, the award recognised Citi’s support for clients during the award period across its regional network.

“Asia-Pacific is increasingly expected to be main growth region for global economic development in the coming years and, as a result, its vibrant capital markets are also expected to continue their strong upward trajectory. Citi, with its almost unrivalled international network, has been in a strong position to build up its presence and establish itself as a leading force within the region’s capital markets. The bank leverages the full breadth and depth of its cross-franchise strengths and relationships globally to deliver a comprehensive suite of solutions for clients in the region. It supports clients in established markets, as well as emerging markets,” read part of the editorial write up for the award announced on October 1.

Citi was also named globally as Investment Bank of the Year, Investment Bank for IPOs and Investment Bank for M&A.

Jan Metzger, head of banking, capital markets and advisory for Asia-Pacific at Citi, said: “We are running at record levels for capital raising for clients, with more than US$100 billion raised year-to-date. This is a mix of balance sheet strengthening and financing to support growth. There is massive transformation happening across all industries, and with a global network this has helped sharpen our dialogue with clients as they increasingly want a global perspective.”

Citi has led multiple landmark deals across Equity Capital Markets, Debt Capital Markets, and Mergers and Acquisitions in the region including in Viet Nam, a leading manufacturing centre of the region. Citi is a catalyst for Viet Nam’s economic activity, facilitating $10 billion of capital raised in the last decade and supporting nearly $90 billion of international trade annually in Viet Nam. — VNS